Monday Market Recap
Stock Market HIGHLIGHTS: Indian stock markets were unfazed by the lack of action from global markets and made a resounding comeback on Monday after ending four consecutive sessions in the red. Frontline indices S&P BSE Sensex and NSE Nifty50 extended gains after a cautious opening. Sensex closed at 60,566.42, up by 721 points or 1.20 per cent while the broader market Nifty surpassed 18000 level to finish at 18,014.60, up 207.80 points 1.17 per cent. Banking gauge Bank Nifty with gains of 962 points or 2.31 per cent at 42,630.15.
In the 50-stock Nifty50, 40 advanced. Top gainers were State Bank of India (SBI), Indusind Bank, Hindalco Industries, Coal India and Bajaj Finserv while top losers were Cipla, Divi’s Laboratories, Dr Reddy’s Laboratories, Nestle India and Kotak Mahinda Bank.
Barring Nifty Pharma (-0.84 per cent) and Nifty Healthcare Index (-0.85 per cent), all other Nifty sectoral indices ended in the green. Nifty PSU Bank was in the spotlight with 7.29 per cent gains. Nifty Bank, Nifty Realty and Nifty auto were other top gainers.
India VIX, a measure of volatility in Nifty was down 1.4 per cent at 15.93.
